NAS100 27/8/23
N1 has again the same setup as all of the USD related pairs.
A news range with a break of the SWL, within this range we have tapped in to our POI and so far we have reacted slightly for lower prices, we are looking at our market open entries and some of our smaller timeframe ranges but overall we want to see a break down or up out of this swing range.
Liquid at our low tells us we could see the low taken but iam also thinking we are likely to fill some of our IMB range above the again we created but NEWS.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
A news range with a break of the SWL, within this range we have tapped in to our POI and so far we have reacted slightly for lower prices, we are looking at our market open entries and some of our smaller timeframe ranges but overall we want to see a break down or up out of this swing range.
Liquid at our low tells us we could see the low taken but iam also thinking we are likely to fill some of our IMB range above the again we created but NEWS.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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